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r | j i ' 1 Â§ t t 1 vol xvii.-thie3 beei salisbury h c january 21 1886 no 14 mr becks r . the lasi n . â€¢: â– page 35 ah â– 5sew york cusi year l ss '. : united suti der uoti - united - united stati uhcatei â– â– unlteds tlflcati s - tal it is fair th | ; - raents at tl made in - ter of money : more of the â– â– : i silver and silver cei paid in k r i'l aiid g 1 ' : ;! '' f it is by law i special fund v koi legally be paid or covered into the treasury till the interest on the \ debt is paid out of it and i he the sinking 1 redeemed tl 000,000 \-- : n been so a treasury and 1 is raised thai it i into circulai ion if the law ed and the bondhol the same proportio that the < roverr its custom 1 would have no ii all nit â– made their interest to i support th hear no more â– money the of his report i the treasun h 4th of march i i veinber 1 â€¢ . has been no rei bearing debt and i that is a burden on november l v !. > march 1 show 104,000 then bame amouni in n hov out of i!i j i fuses to )â– fuses to call ii i he bonds - i are now payable there is uo more cious met hod of c rency than by i ition j a large sum in an econon meat and every dollar n tax vcr wron that much capil i Â« i : h ho labored to obtain and v i up the circulat ing medium the people wani :- vvri m i'ull frmii them the t hief v and squanders ni : . cki d up in the trea tfiict less injury on the c bus iness if the money ho â€¢ i le w is ; ni in circulation than a h â€¢. r tan who holds ninl hides in vaults currency which the people want and r i it to pav the >!â– bts bearing di this money owe i or about a surplus but il difficult to explain such vast amounts of th have been so hea ily 1 is lying idle in the o vaults and they â– while interesi is rui m bonds \\ hich can be and oughi to be paid the idle monej when ] i oiri for interest on bond - w ould ai om released and re â– â– speaking of circul i m v â– aro con stantly told that 1 abbudance of ii o we are otficialh tender n t should all be because of the . t cur rency let us look cor a few minutes at the effect of i hese rec if carricil out and certificates an it was the a â– i i li â– ad vocates of bo rates and i v a safe convenient . dollar of which i o the coin paid ; would be â– eposit of an equal amouni of < oin in nil better security cou i given it was noi thmi have the com of either met to the risk of i i val ue by the abr - sarily accompanies its active use portation of both v gerous and expensive all tl mid risk as well as the d tho coin v - avi lidod by the paper substii ites states wei sated for all t vaults c i we i tn received a coin dollar issued we only coin on th agents all â– â€¢ flood or the i 1 transitory thin gain we had of that sort and k i profitable forty-five i lir.s of fraction we afterwards lati&ii and we now :.!>â€¢. ;. 000 or one-thi destroyed wi df that r sideration for i be \ i mi is me i we only redeem sik h aai h notes as are returned and the amount now q to be l i hai i he ( umj)i roller i de isii in hi repori to g i us for ti benefit oi the i iv of it e who 1 rrowed it or woj ked â– value ] eceiv r it avere th ifferer : ;. ei the < ompi : oiler wai ' v i he banks â€¢ i hey a ill gei it ', hey have to ii ve their in ; or to 1 icki ti tl â– - ii ! 10,000 of the ' -, <â– ! arged in i â– re . ah governi 1 â–º all i he iaiii \ vaults that the loss ; nd from r grain from '''.â– â– â– ' in de will circi to bo i : mplj compi q :â– r all the ex ii i in viev er sul ni of the coin ; pi :: grossl perverted the coin ; lo ked issued are of - thai i he are of uo rt p â– â– i " jun ', - \- hich .. : i i were in dem i .â€¢:,:..! â– !., i â– â– . ach ' ! â– â– ]â– â– â– /'â– 'â– : â– â– < no . , ei y when i i lie mint on ] ige i - : 'â€¢ - ii : the tn asun r , be used in i â– in n part of in .. . â– iun . ';â– 'â– â– . ' v ;] i :,â– a : lion 20 ] i â– â€¢â– 9.yoi.(u â– . :.; 10 7fÂ»s i . r th a thai the ; to the ! of ecri oi silverc ' t â– â– held up tinin .; no and fill our i li join in ales thai | in and â– the one and . i do n i propo â– >â– to do i her un h â– - i :- are give 1 ,] why ii should be any ! have yel seeu or heard ! would however amend the laws so â– mid be of a high iii i h i and uo't . e should be of ileiiouiiiuvl ions i â– the ked il \ '. irm oi curren â– . . , i i dy is com !: is ii sinned t hai the government i i use its ov or to ni v i h â– ueed li g ,! tender notes are u as rag eve 3 op been hurled th ai h t he sole ri â– . â– â– â– 1 heir is mi ' to keep in circulation but 1 he people and their â€¢'â– :â– â– . â– so far sustained hile they have ted to th > \ ih paid at r â– ., . - on im is the law now over s47.o00.000 of them were n ceive ' foi duties last year in xew york alone by itive ordt-rs in plain violation of law ority i : the senate re year to make i hem re â– .â– ;â– . a ble lo and yei we permit o;7 be so received i have a bill now before the finance . gal to rec , for customs dues as i believe â– : j .â– : ! insi -. d to \ iolui n 1 .! of lav . or to teed in a po ii ion in which he . elled to disre . it 31 187s , voluim 20 â– ' retain what was tender tes nnd m in such shape :',;.â– '. ; ' nice a es arc i ' â– any nation oj h aiutila d f or . b id !; is ess did not intend to j â– ' â– â– den imination i ader uot > above what j ten that a t was passed yet the table on page "- l of the treasurer's report shows that bills of the denomi ed in the lasi y ar i earlv : 10,000,000 while tions have been p ed i here c m b ' .-. this i all along the line on everything lai bank m and thai is to trans fer to the holders f our bonds absolute power over i â– :â– â– rency which taeai s overi 5s0j 1 !:â€¢â€¢ couui ry the reporl of the < iompi rolli r of thi qc'3 devi sops that purpose \Â« â€¢: h:;p more plainly than the others after insisting thai congre â– should â– . give up ! lie profii made on ; !. â– losi banli i or pni i into ;> safety fund with other things for the beni !â€¢: of the banks he adds on page 18 such legislation would have the effect of maintaining bank note circulation and prevent its being superseded by govern ment issui 5 which an authority as high as alexander hamilton has said are i a na tuae :-â– > liable to abnse ir.<l i may even be aflirmed so certain of l.'-i ti _â– ; abused that i of the government will be shown in never trusting itself with the use â– :'-..- rous an experi ment ! assume thai ii is too clear to a irnii of debate r whai w r gamil ton or anybody else said that a circu ..â– â– note in any form properly se i sued by ' 'â€¢â– â– â– nt â– â– â– â€¢â€¢ a like nc e would be v !:>â– ;! is ued by a co ti < reati d by the < lovernmeui and .-. cured by a s rovernnieiii bi d : and hardly any ' . : , ! ii the ( â– r or a bank at torney would venture to assert thai the secrei ary oi : he trea ury is i <\ lo b h met i and careful of the â– ; â– ere.si in main ajning : ad -.â€¢ oping ; â€¢,,- nece ssar an i of cir for ieÂ«fi1 imate bu i ! iu t ( would be who ai under n obli ition to coi uli elfjire but at the pri 1 inten may c â– i heir issu the on â– her best sub serves tj .. . . . .,;.. v.'i . : im i hey are apt i 'â– y im ii mo rely oppre i he mn â– â– . i . t in tl h e of his claim that all unsafe i he ' omp â– shows i -.:: : i : â€¢â– d erense in n - ! last 1 r e amouni â– to i .â€¢Â« r$4 8.000,000 and says thai ii â– â– r.ld have deci eased 25 0 0,000 q ire : :' i he secretary â– f the treasury had not come to their rose â– by rei ti ing to use i he money ai his c mman i in the pui chn v of i he 'â€¢> per ci tit bonds on whii h i heir eirculai ion ; 3 bas :', : in oi her v â– rd ; . i he peo â– â– b ive lo over 2,000.01 0 of interest an i i â– : .â– .;â– ! havi made 8(3.001 on i : â– ; â€¢ â– b ! v : operai ion 1 he roller h iv .â– \ â– â– v clearly why the b clear of t he silver dollar i hey fear i hai the pn liiuu on tin ir bonds will fall if they are p id in whole or in part in silver bui he staled i he whole case so clearly that 1 will read on page l of hi > report : it will be seen that the banks held on nov 1 !--â€¢â– !. 153,g04,400 and on nov 1 1 85 13s,i 20,650 oi 3 per cents under the act of july 12 1882 payable at the pleas ure of the government the secretary of the treasury during the year ending nov 1 ls83 paid 105,6:34.150 and ilurin the vear ending nov 1 1 i 105,970,4oo of the public debt in the latter yea 1 :! per cents only v u called no bonds were called for the year ending nov 1 li 5 . ; ii the public iny the yciÂ»r ending nov ; . i â– â€¢ 5 continue to be reduced by the paynieni of 3 per ci nt bonds and that i 1 .;. n unction v ould occasion the rein vcstmeni of trusi and other fu ids invest ed in i lirei â– . i nd can â– â– â– a greater demand for and â– in jqueni i ere e in the price of i per cent bonds to a poini a1 which it : b more profit able for i he nai !â€¢ ji:\1 to â– â€¢ i them i he < onipl rolli r esti i in his la anniuil report to con gress thai unless legislation should be secured ennabling the banks to issue cur n ncy ai a fair profit circulation would i . re luced a1 the rate of a least 40,000 000 per annum t is believed thai thisesti n ate Â« bul i liavi 'â– 'â– substantially cor ;â€¢ â– â– ; ; ..:.! ; he gov rninent con i inued ,':.:â– iv 1ss5 to call and pay i hi 3 per .â€¢ nt bonds as rapidly as during the two previous ;â€¢. ears the reduction of circulation of national during the year ending nov 1 ; 5 ;'. ir reasons oi her than t he call of ; ; iud.s by which it was secured was great n anticipated the causes which have lead to this result are small proiii remaining to national banks on circula tion after paying the tax of 1 percent â– .. ,. annum imposed !â€¢.â€¢ i he gov rnmeni ; . rates i interest i hrough lintry occasion d y the abund 1 n .. o aioney in the finam ial ceni ; and di ibtl s uiu ' iness among certain f the country a - to i he , the increase of silver in t i indicating that ,...â– â– ,.';'('/> iniercd on the public debt '..,;/ , . ,,- some portion of the j-.li--i;.<i . â– iid in ntandar â– ' fhvi r dollars . ;,'.; thai crovernment bonds might the i - ;, iated i:i for igu mar i undoubtedly affed tiis country . i he credii an d st i bis c â€¢ â€¢ â€¢ '. : i i ' n i â– deservedly . and ii is u d believi 1 tl t1 the peo , ;,. i - ; ,â– either the principal or int this c mi paid iu anything but gold i oiu or its 'â– qt ' i think the co â€¢â– - ii â– : r cannot afford to re y ;â– ..;â€¢ its circulation oi national ... be assert thai the bank rrender their cin il â– 'â€¢ n and m which i is bas d regard â– - all etb : of the public : , .; ._ whe u fer they can make more ;..!â– than they : the . ir ulation we nil know that to he true can congress afford to vest absolute powi r i ver thi in and expan sion of the circulating medium which regulates all our transactions exclusive ly in the hands of men who gamble with it for private gain without any soi t of public responsibility 1 think not yet if we retire the gr â– :; ! ai ks ac i the â– ilver certificates as our officials advise to do we will have no currency but national bank notes left which they can expand or con ract at pl asure nobody pretends in the reduction of these notes â– :â– i i 8324,000,01 0 in noyember 1882 to 8276,000,000 in november 1 interests or needs were for a momeni considi : d 1 desire to state with great distinct ness that 1 am not nuking war on bond holders or natiiinl banks or bankers i voted to renew their^harters to repeal all taxes on their capital and de posits and with measures necessary to add to their suefulness either by in creasing their circulation to par with the bond ; d positi d or if it can bedone with justice to their eoi - â– titorsin bu siness reduce or repeal the tax on their circulation but i would require them to take the same coins both gold and silver that all otherereditors oi thegov ernmi ni receive 1 shall always oppose the grani or recognition of any supi r ior rights or privileges in them or inthe obligai ions they hold over those of oth er citizens 1 would divorce them from polii ics and deprive them of p wer to control or influence egislation by con tracting or expanding or by threatening to interfere wii h our currency as was done when they i btained president hay veto on a m nv ral a ion i would r quire then to obey the law and ive ive the coin which we take at the custom-house and si t apari as a tl fund eoi ! heii - curii y and pay ment \\ hen we say > law as we have . i hai no nation 1 .! banking a so ciatii i shall be a member of anyclear ing-house in which s icli i - ; : er i e r titicates shall m . be i ci ivable in the â– co ." i w ; e charter of any bank dan i to disobey i he law as i would line and impri on anv oiiicer of any of t hem wh > v ould ceri i fv c hecks "â– â– â– lien the funds were noi actually in the bank ai the t ime lii short no sei of men should be al lowed to i xercise privileges prohibited by law nor have rights given to them in regard to the character and quality of the coin in which their debts shall be paid which are denied to all other cq tally meritorious creditors and no ! of men should evi r have power to â– ulate or control as fieir private in : rests may be aft eti .. i he currency or the !<â– ;;,;. - of the j eopli . 11 that ; ovjer is yielded or ecu â– ded to them with ii noi â– md silver cer icates wii h drawnan gold paid to t and to th m alone cor their in teresi and bonds congress would be i v erless to resisi an y demands our b ti iholders and hankers might make i know their power and appreciate the adroitness with which they can have i heir claims presented iv en the presi dent iii his me â– -.;:â€¢â– â– â– i - been induced to say i hat up to i he prc ent i ime only aboui 50,000,000 of hie silver dollars we have coined have found ; heir way into ciri ulation he m iiiied that state on ni by showing thai i lar^e amount of silver ccrtificat - were outstanding bui the press of the c uni ry has tak en up the lirsi â– tai mi ..:. leaving oui all iii â– qualificai ion ; . and p iracle ti be foro the country as e â– â– in sive evidence i hai too much silver has already been coined and i hai all of it is an incum brance â– k epi aboui 50.000,000 they lit : i-iy ignore i he faci which the of ficial re â– â– :;â– - how ; hai al i he close of the last fiscal v ar june 30 1s85 out of a total coin age of 82 i;j,000',000 140 0 10,000 in round numbers yas in ac tive circulation ii the form of silver certificates in addition to the coin in the hand of the people of which cer tificates of 44,660,000 was paid to the government for customs dues during the lasi fiscal year at the port of new york alone more than was paid in gold and gold certificates combined why is noi i he coin represented by these certificates as much in active cir culation as if it was passed from hand to hand as often as the certificates are 1 ask is it fair to complain of the sil ver held in the treasury as being ex pensive and useless under such circum stances and yet not utter one word of complaint in regard to over$137,000,000 of gold coin locked u at the same time and in the same way represented by ; !: > same sort of cert ificates most of them in a far less useful form if our officials would unlock the treasury vaults and pay our interest-bearing debt with the money they are complaining of being < verwheln ed with thej would ing their duty more satisfactorily than by the course th y are now pur - j he presidi ni says a spei ial effort has been made by tho secretary of the treasury to increase the amount of our silver coin in circulate a li ; i 1 :- make one more effort and â– 73,000.000 he ;â– â€¢ ceived for customs dues is no a â– â– cor in payment of inter md in the r demption i f the bonds ma â– â– â– â– and â€”â€¢â– ordinary i f will keep the vault reasonably clear of all not re presented by ci - or bills which ; the people have a righi by law to de 1 mand on making a deposit of c no ic creditor other than the bond holder has ever complained when pay ; meni is made to him in silver or silver certificates all other creditors areen i to the same consideration as the holders of our bonds we as a taxpay ing people nre not interested in keeping our bonds 24 per cent above par when we must souii buy them with surplus revenues 1 may observe here that silver certi ficates are now and have always been a popular currency the treasurer in bis last report page 24 says the issue of silver certificates by treas ury officers in the south and west for gold coin deposited with the assistant treasurer al new york under depart mental circular of september is 1880 was discontinued in january last the amount which had been issued in that manner to the date named was 80,730 500 the treasury order referred to reads thus treasttry department ) secretary's office > washington ik c sept.18,'80 i until further notice the united slates assistant treasurer in new york will pay out at his counter standard silver dollars or silver certificates in sums of 10 or any multiples thereof in exchange for like amounts of gold coin or gold bullion d posited with him upon the receipt by the treasurer of the united states in this city ofan origi nal certificate of deposit issued by the united states assistant treasurer at new york siatiiig that there has been deposit ed with him gold bullion in the sum of 10 or any multiple thereof payment of a like aim tint in standard silvt r dollars or silver certificates ai the counter of any united states assistani treasurer designat ed by the depositor will be ord red john sherman secretary the treasurer of the united suites iu his reporl to congess dated novem ber 1 1880 says subsequently this restriction was re moved for a time and over 80,000,000 of silv r certificates were taken princi pally by the people of the south and west in exchange for gold coin the privilege was finally withdrawn in january ls85 i ask in view of thi se facts how it can properly be charged that the people will noi use the silver coinage that they are hoarding gold that the depreciated paper will soon impair the purchasing power of the poor man's wages and thai we are on the verge of a financial crisis unless we bring all our transactions at once to a gold basis it must not be forgotten that all the gold coin deposited for silver certificates became at once the property of the united states it was not held in the treasury for their redemption an equal amount of silver coin took its place for that purpose at dice men who owned gold all overthe south ami west in louisville ndianapolis,nash ville and other places as well as those cities named in the report sent their coin at their own expense to the assis tant treasurer in new york in order to have silver certificates delivered to them for use as currency at home yet during all that time the bullion value of gold in london was at least 15 per cent more than silver and the country was being periodically alarm ed and congress advised by our offi cials that gold was leaving the country that silver was a degraded standard of value and that it coinage must be stopped or it weight increased or ruin would speedily be upon us ecan e ol its depreciation in the london market the facts i have stated overthrow all the speculations of the theorists our business men gladly exchanged their gold coin for silver certificates and did i ask any better security for the pa per they took than the silver dollar ciep sited in tne treasury so far from hoarding gold because of its greal r , bullion vale in a foreign market they - â– it to a distant d ipository to gel the paper we are advised is dishorn m money because ii is d preciated 15 or 20 per cent below gold in london i | have thus imperfectly outlined the | reasons why 1 cannot sustain at this 1 time a policy which seeks to withdraw either our legal tender notes the silver i certificates or stop the silver coinage land i see no propriety in increasing the weight of our silver coin beyond the idard value fixed by law in july 1870 under and by which all our out standing bonded indebtedness is regula ; ted 1 am convinc d thai we can no j longer look with safety to the national banks to furnish the country with a stable currency 1 insist that v^ry creditor of the government is by law entitled to be paid in the same coin and that our , treasury officials should be i quired to ! pay silver aa well as gold when receiv jedfor custom dues to our bondholders ', as i hi v do to all others who have legal demands upon the treasury thai done i there will be uo need at least for yaers : ;,,, ome to strike down silver in any form the country is now rallying ' er m a long period of d pression all road securities rec ntly fell 50 per cent on theavcragein eighteen months win at cotton cattle \^,>:>. all farm luets ar ; even now so depress d that they leave no profit to the produ ' cer evi n after he pays the lowest wages iv which be can obtain labor in their production foreign nation i are ing their ports against our leading ex ; throwing all obstacles possi ble in the way oi our commerce our carrying trade is gone and is in the hands of our foreign competitors we need to use all our resources of both gold and silver and their paper repn sentatives to enable us to regain our lost pre tige and to develop our re sources in the most economical way 1 contraction or destruction of any part of our m?ans is in my judgment fatal to our laboring and especially to our debtor classes so believing i am op posed to it ! mr president i will only add that i liave im interest in the silver question j other than my conviction in regard to i the best interest of the country 1 nev er owned a dollar's worth of stock di rectly or indirectly in any silver or other mine the people t represent here are not specially interested in it w e are in the central portion of this i great continent and our prosperity de-j pends on the prosperity of every sec tion if hereafter i ascertain that i | am wrong and that the public good requires me to change my views 1 hope i will have the courage to do so ! and state the reasons therefor as frank i ly as 1 have given the reasons for my ' \ present convictions j the demand for silver certificates under ; the circular of the department dated sep ti mber 18 1830 authorizing tlnir exchange for gold and bullion has lict-n quite exten sive at sew orleans saint louis chicargo cincinatti m there were pai 1 out ai these points during the month ofoctober 000 in silver certificates for an equal amoni t : < fgold coin deposited in the sub-treasury iu new york and in december 1881 the secre tary of the treasury in his report says the department has issued silver certifi cates nt the several sub-treasury offices upon a deposit of gold coin in like amount . with the assistant treasurer it new york and through this means certificates have been issued for nearly all the silver held by : the treasury these certificates amount to about uh,000,qqo and arc now outstanding that the condition of things doubt ' less rendered the following order ne ; cessary as all or nearly all the silver coin in the treasury was represented by outstanding siver certificates treasury department secretary's office washington d c . nov 1 1881 until further notice the exchange of sil ver certificates for cold coin deposited at the office of the united states assistant treasure at new york will besuspetded and department circular no 75 of september 13 1s v o is hereby modified accordingly h f french ai tin secretary my we ily wife has been a great sufferer from catarrh several physicians and various j patent meilicine3 were resorted to yet the . disease continued unabated nothing ap pearing to make any impression upon it her constitution finally became implici t d the poison being in her bloi i secured a l>o;t:e nfb 15 b and placed her upon its use and to our surprise the improvement began nt nncc and her recov ery was rapid and complete no other preparation ever produced such a wonder ful change nnd for all forms of blood dis ease i cheerfully recommend 15 li b aa a superior blood i'urilu r r t dodge yardinastcr georgia railroad atlanta ga gieat grief from the athens ga bauner watchman uncle dick sautter says fifty years ago i had a running ulcer en my leg which refused to heal under any treatment in 1853 i went to california and remained eighteen months and in 1873 i visite i ho1 springs ark remaining three months but was not cured amputation was discussed but i concluded to make one more effort 1 commenced taking the 15 15 b about six weeks ago the fifty-year old sore on my leg is healing rapidly and yesterday i walked about fifteen miles fishing and hunting without any pain and before using the 15 b b.icould not walk exceed ing half a mile sleep soundly at night for the first time in many years to think that six bottles have done me more good than hot spring eighteen months in cal ifornia besides an immense amount of med icines and eight or ten first class physicians will convir.ee any man on earth that it is a wonderful blood medicine it has also cured me of catarrh mouth there is a lafy living here mrs wlo has had catarrh for many many year 1 have known she hail it for fifteen or twen ty years and my father once doctored her rs was then a tenant on our place for tl e last two and a half years she has been bedridden the catarrh or cancer the nu merous physicians have never deci ird which during her two years and a half in the bed had eaten all the roof of her mouth out she was so offensive no one could stav in the room she could not eat anything but could 9wallow boup it it was strained she g ive up to die and came so near perishiug all thought she would die her son bought the b b 15 and bhe used several bottles which effected an entire cure she is now well and hearty i have not exaggerated one particle lucy strong i when you want | hardware at low figures call on the und i no 2 granite row 1 a at well agant for tha salisbury x c june 8th tf vpflvi 1 mi^ioril qth^fc 1 !â– nor ctiitt â€¢ laliiiu iiiiilolal ij-jiliibs abdubhiy palmersville - n.c c il â– â– ! . t al3oat 3 i trmos - ths tii â– . :., s vtgi rous ex ii . the i beapi si s ihh>1 iu the i . s mi â– :â– â– â– l-reuow i 1 an uiods are taug . ter mi ni ii 3s i 11 martin l'rln sfcio yoor wool to the salisbnryfoolen mills tffls new factory j f..->v in operation and facilities lor inan ufiv 1 1 1 r i 1 1 â€¢_â– woolen goods such as have nev er before been offere i to our people are within the reach of the < ntiro vool grow ing community we manufacture jeans cassdiers flanxels ijxseys blankets yarns itolls c soliciting i iberal patronage of oar peo ple we are r i i fully salisiukv woolen mills ; uiice may 28th 1885 iv^tf f t hopkins tj i sow at the corner of kcrr &; lee streets with a full line of dry goods ami groceries also kctps a first class boarding house call and see him 28:ply if you want to fill yoneeams bag and make bio soores ll 3t0n i and hoi uiui^o all the latcof smpi-cvcments fordesct : : " irculars lamberson furman&co sole agi nts for e.remihgton&sons epori mjtion 231 & . vay nev york wests d h lakrf^r & co armory - - - il1on n y remfnitom scoops spades bade in the ee3t mauser ik skilled workki remember t'lat duh goods me always rellabus ono piece cf solid stoel -* no holes ok rivets to weaken the bladt send for c'.^cl-'-ars remington i&ricultbral co i i ion n v kcw york office 1 1 chamber street something n2w [ lamp chimneys that will not bn ik l>j heat lor sale at exms8 diahond dyes - all colors to wish at knmss don't forget to cull for beeda f all kinds at enniss to tbs udien i ., ! sec the flower p knms8 admihistbatrii's eotice having inistratrix upon the â– â€¢ . ol v a y coitkle clee'd i - having claims â€¢ i m to mo for payment on or beiore the 17th day oi december i 1 -" 1 '., or thi notice will bo recovery orkle adm'x theo f kluttz att'y dec 17 l^^">.j:31 it ia a â– to think too much abont being gocd l)<-in the best we know minute by minute hour by hour we insonsiwy grow to good ne?a as fruit grows c r peness

r | j i ' 1 Â§ t t 1 vol xvii.-thie3 beei salisbury h c january 21 1886 no 14 mr becks r . the lasi n . â€¢: â– page 35 ah â– 5sew york cusi year l ss '. : united suti der uoti - united - united stati uhcatei â– â– unlteds tlflcati s - tal it is fair th | ; - raents at tl made in - ter of money : more of the â– â– : i silver and silver cei paid in k r i'l aiid g 1 ' : ;! '' f it is by law i special fund v koi legally be paid or covered into the treasury till the interest on the \ debt is paid out of it and i he the sinking 1 redeemed tl 000,000 \-- : n been so a treasury and 1 is raised thai it i into circulai ion if the law ed and the bondhol the same proportio that the < roverr its custom 1 would have no ii all nit â– made their interest to i support th hear no more â– money the of his report i the treasun h 4th of march i i veinber 1 â€¢ . has been no rei bearing debt and i that is a burden on november l v !. > march 1 show 104,000 then bame amouni in n hov out of i!i j i fuses to )â– fuses to call ii i he bonds - i are now payable there is uo more cious met hod of c rency than by i ition j a large sum in an econon meat and every dollar n tax vcr wron that much capil i Â« i : h ho labored to obtain and v i up the circulat ing medium the people wani :- vvri m i'ull frmii them the t hief v and squanders ni : . cki d up in the trea tfiict less injury on the c bus iness if the money ho â€¢ i le w is ; ni in circulation than a h â€¢. r tan who holds ninl hides in vaults currency which the people want and r i it to pav the >!â– bts bearing di this money owe i or about a surplus but il difficult to explain such vast amounts of th have been so hea ily 1 is lying idle in the o vaults and they â– while interesi is rui m bonds \\ hich can be and oughi to be paid the idle monej when ] i oiri for interest on bond - w ould ai om released and re â– â– speaking of circul i m v â– aro con stantly told that 1 abbudance of ii o we are otficialh tender n t should all be because of the . t cur rency let us look cor a few minutes at the effect of i hese rec if carricil out and certificates an it was the a â– i i li â– ad vocates of bo rates and i v a safe convenient . dollar of which i o the coin paid ; would be â– eposit of an equal amouni of < oin in nil better security cou i given it was noi thmi have the com of either met to the risk of i i val ue by the abr - sarily accompanies its active use portation of both v gerous and expensive all tl mid risk as well as the d tho coin v - avi lidod by the paper substii ites states wei sated for all t vaults c i we i tn received a coin dollar issued we only coin on th agents all â– â€¢ flood or the i 1 transitory thin gain we had of that sort and k i profitable forty-five i lir.s of fraction we afterwards lati&ii and we now :.!>â€¢. ;. 000 or one-thi destroyed wi df that r sideration for i be \ i mi is me i we only redeem sik h aai h notes as are returned and the amount now q to be l i hai i he ( umj)i roller i de isii in hi repori to g i us for ti benefit oi the i iv of it e who 1 rrowed it or woj ked â– value ] eceiv r it avere th ifferer : ;. ei the < ompi : oiler wai ' v i he banks â€¢ i hey a ill gei it ', hey have to ii ve their in ; or to 1 icki ti tl â– - ii ! 10,000 of the ' -, â– to do i her un h â– - i :- are give 1 ,] why ii should be any ! have yel seeu or heard ! would however amend the laws so â– mid be of a high iii i h i and uo't . e should be of ileiiouiiiuvl ions i â– the ked il \ '. irm oi curren â– . . , i i dy is com !: is ii sinned t hai the government i i use its ov or to ni v i h â– ueed li g ,! tender notes are u as rag eve 3 op been hurled th ai h t he sole ri â– . â– â– â– 1 heir is mi ' to keep in circulation but 1 he people and their â€¢'â– :â– â– . â– so far sustained hile they have ted to th > \ ih paid at r â– ., . - on im is the law now over s47.o00.000 of them were n ceive ' foi duties last year in xew york alone by itive ordt-rs in plain violation of law ority i : the senate re year to make i hem re â– .â– ;â– . a ble lo and yei we permit o;7 be so received i have a bill now before the finance . gal to rec , for customs dues as i believe â– : j .â– : ! insi -. d to \ iolui n 1 .! of lav . or to teed in a po ii ion in which he . elled to disre . it 31 187s , voluim 20 â– ' retain what was tender tes nnd m in such shape :',;.â– '. ; ' nice a es arc i ' â– any nation oj h aiutila d f or . b id !; is ess did not intend to j â– ' â– â– den imination i ader uot > above what j ten that a t was passed yet the table on page "- l of the treasurer's report shows that bills of the denomi ed in the lasi y ar i earlv : 10,000,000 while tions have been p ed i here c m b ' .-. this i all along the line on everything lai bank m and thai is to trans fer to the holders f our bonds absolute power over i â– :â– â– rency which taeai s overi 5s0j 1 !:â€¢â€¢ couui ry the reporl of the < iompi rolli r of thi qc'3 devi sops that purpose \Â« â€¢: h:;p more plainly than the others after insisting thai congre â– should â– . give up ! lie profii made on ; !. â– losi banli i or pni i into ;> safety fund with other things for the beni !â€¢: of the banks he adds on page 18 such legislation would have the effect of maintaining bank note circulation and prevent its being superseded by govern ment issui 5 which an authority as high as alexander hamilton has said are i a na tuae :-â– > liable to abnse ir.â– ;! is ued by a co ti < reati d by the < lovernmeui and .-. cured by a s rovernnieiii bi d : and hardly any ' . : , ! ii the ( â– r or a bank at torney would venture to assert thai the secrei ary oi : he trea ury is i per ci tit bonds on whii h i heir eirculai ion ; 3 bas :', : in oi her v â– rd ; . i he peo â– â– b ive lo over 2,000.01 0 of interest an i i â– : .â– .;â– ! havi made 8(3.001 on i : â– ; â€¢ â– b ! v : operai ion 1 he roller h iv .â– \ â– â– v clearly why the b clear of t he silver dollar i hey fear i hai the pn liiuu on tin ir bonds will fall if they are p id in whole or in part in silver bui he staled i he whole case so clearly that 1 will read on page l of hi > report : it will be seen that the banks held on nov 1 !--â€¢â– !. 153,g04,400 and on nov 1 1 85 13s,i 20,650 oi 3 per cents under the act of july 12 1882 payable at the pleas ure of the government the secretary of the treasury during the year ending nov 1 ls83 paid 105,6:34.150 and ilurin the vear ending nov 1 1 i 105,970,4oo of the public debt in the latter yea 1 :! per cents only v u called no bonds were called for the year ending nov 1 li 5 . ; ii the public iny the yciÂ»r ending nov ; . i â– â€¢ 5 continue to be reduced by the paynieni of 3 per ci nt bonds and that i 1 .;. n unction v ould occasion the rein vcstmeni of trusi and other fu ids invest ed in i lirei â– . i nd can â– â– â– a greater demand for and â– in jqueni i ere e in the price of i per cent bonds to a poini a1 which it : b more profit able for i he nai !â€¢ ji:\1 to â– â€¢ i them i he < onipl rolli r esti i in his la anniuil report to con gress thai unless legislation should be secured ennabling the banks to issue cur n ncy ai a fair profit circulation would i . re luced a1 the rate of a least 40,000 000 per annum t is believed thai thisesti n ate Â« bul i liavi 'â– 'â– substantially cor ;â€¢ â– â– ; ; ..:.! ; he gov rninent con i inued ,':.:â– iv 1ss5 to call and pay i hi 3 per .â€¢ nt bonds as rapidly as during the two previous ;â€¢. ears the reduction of circulation of national during the year ending nov 1 ; 5 ;'. ir reasons oi her than t he call of ; ; iud.s by which it was secured was great n anticipated the causes which have lead to this result are small proiii remaining to national banks on circula tion after paying the tax of 1 percent â– .. ,. annum imposed !â€¢.â€¢ i he gov rnmeni ; . rates i interest i hrough lintry occasion d y the abund 1 n .. o aioney in the finam ial ceni ; and di ibtl s uiu ' iness among certain f the country a - to i he , the increase of silver in t i indicating that ,...â– â– ,.';'('/> iniercd on the public debt '..,;/ , . ,,- some portion of the j-.li--i;. law as we have . i hai no nation 1 .! banking a so ciatii i shall be a member of anyclear ing-house in which s icli i - ; : er i e r titicates shall m . be i ci ivable in the â– co ." i w ; e charter of any bank dan i to disobey i he law as i would line and impri on anv oiiicer of any of t hem wh > v ould ceri i fv c hecks "â– â– â– lien the funds were noi actually in the bank ai the t ime lii short no sei of men should be al lowed to i xercise privileges prohibited by law nor have rights given to them in regard to the character and quality of the coin in which their debts shall be paid which are denied to all other cq tally meritorious creditors and no ! of men should evi r have power to â– ulate or control as fieir private in : rests may be aft eti .. i he currency or the ! same sort of cert ificates most of them in a far less useful form if our officials would unlock the treasury vaults and pay our interest-bearing debt with the money they are complaining of being < verwheln ed with thej would ing their duty more satisfactorily than by the course th y are now pur - j he presidi ni says a spei ial effort has been made by tho secretary of the treasury to increase the amount of our silver coin in circulate a li ; i 1 :- make one more effort and â– 73,000.000 he ;â– â€¢ ceived for customs dues is no a â– â– cor in payment of inter md in the r demption i f the bonds ma â– â– â– â– and â€”â€¢â– ordinary i f will keep the vault reasonably clear of all not re presented by ci - or bills which ; the people have a righi by law to de 1 mand on making a deposit of c no ic creditor other than the bond holder has ever complained when pay ; meni is made to him in silver or silver certificates all other creditors areen i to the same consideration as the holders of our bonds we as a taxpay ing people nre not interested in keeping our bonds 24 per cent above par when we must souii buy them with surplus revenues 1 may observe here that silver certi ficates are now and have always been a popular currency the treasurer in bis last report page 24 says the issue of silver certificates by treas ury officers in the south and west for gold coin deposited with the assistant treasurer al new york under depart mental circular of september is 1880 was discontinued in january last the amount which had been issued in that manner to the date named was 80,730 500 the treasury order referred to reads thus treasttry department ) secretary's office > washington ik c sept.18,'80 i until further notice the united slates assistant treasurer in new york will pay out at his counter standard silver dollars or silver certificates in sums of 10 or any multiples thereof in exchange for like amounts of gold coin or gold bullion d posited with him upon the receipt by the treasurer of the united states in this city ofan origi nal certificate of deposit issued by the united states assistant treasurer at new york siatiiig that there has been deposit ed with him gold bullion in the sum of 10 or any multiple thereof payment of a like aim tint in standard silvt r dollars or silver certificates ai the counter of any united states assistani treasurer designat ed by the depositor will be ord red john sherman secretary the treasurer of the united suites iu his reporl to congess dated novem ber 1 1880 says subsequently this restriction was re moved for a time and over 80,000,000 of silv r certificates were taken princi pally by the people of the south and west in exchange for gold coin the privilege was finally withdrawn in january ls85 i ask in view of thi se facts how it can properly be charged that the people will noi use the silver coinage that they are hoarding gold that the depreciated paper will soon impair the purchasing power of the poor man's wages and thai we are on the verge of a financial crisis unless we bring all our transactions at once to a gold basis it must not be forgotten that all the gold coin deposited for silver certificates became at once the property of the united states it was not held in the treasury for their redemption an equal amount of silver coin took its place for that purpose at dice men who owned gold all overthe south ami west in louisville ndianapolis,nash ville and other places as well as those cities named in the report sent their coin at their own expense to the assis tant treasurer in new york in order to have silver certificates delivered to them for use as currency at home yet during all that time the bullion value of gold in london was at least 15 per cent more than silver and the country was being periodically alarm ed and congress advised by our offi cials that gold was leaving the country that silver was a degraded standard of value and that it coinage must be stopped or it weight increased or ruin would speedily be upon us ecan e ol its depreciation in the london market the facts i have stated overthrow all the speculations of the theorists our business men gladly exchanged their gold coin for silver certificates and did i ask any better security for the pa per they took than the silver dollar ciep sited in tne treasury so far from hoarding gold because of its greal r , bullion vale in a foreign market they - â– it to a distant d ipository to gel the paper we are advised is dishorn m money because ii is d preciated 15 or 20 per cent below gold in london i | have thus imperfectly outlined the | reasons why 1 cannot sustain at this 1 time a policy which seeks to withdraw either our legal tender notes the silver i certificates or stop the silver coinage land i see no propriety in increasing the weight of our silver coin beyond the idard value fixed by law in july 1870 under and by which all our out standing bonded indebtedness is regula ; ted 1 am convinc d thai we can no j longer look with safety to the national banks to furnish the country with a stable currency 1 insist that v^ry creditor of the government is by law entitled to be paid in the same coin and that our , treasury officials should be i quired to ! pay silver aa well as gold when receiv jedfor custom dues to our bondholders ', as i hi v do to all others who have legal demands upon the treasury thai done i there will be uo need at least for yaers : ;,,, ome to strike down silver in any form the country is now rallying ' er m a long period of d pression all road securities rec ntly fell 50 per cent on theavcragein eighteen months win at cotton cattle \^,>:>. all farm luets ar ; even now so depress d that they leave no profit to the produ ' cer evi n after he pays the lowest wages iv which be can obtain labor in their production foreign nation i are ing their ports against our leading ex ; throwing all obstacles possi ble in the way oi our commerce our carrying trade is gone and is in the hands of our foreign competitors we need to use all our resources of both gold and silver and their paper repn sentatives to enable us to regain our lost pre tige and to develop our re sources in the most economical way 1 contraction or destruction of any part of our m?ans is in my judgment fatal to our laboring and especially to our debtor classes so believing i am op posed to it ! mr president i will only add that i liave im interest in the silver question j other than my conviction in regard to i the best interest of the country 1 nev er owned a dollar's worth of stock di rectly or indirectly in any silver or other mine the people t represent here are not specially interested in it w e are in the central portion of this i great continent and our prosperity de-j pends on the prosperity of every sec tion if hereafter i ascertain that i | am wrong and that the public good requires me to change my views 1 hope i will have the courage to do so ! and state the reasons therefor as frank i ly as 1 have given the reasons for my ' \ present convictions j the demand for silver certificates under ; the circular of the department dated sep ti mber 18 1830 authorizing tlnir exchange for gold and bullion has lict-n quite exten sive at sew orleans saint louis chicargo cincinatti m there were pai 1 out ai these points during the month ofoctober 000 in silver certificates for an equal amoni t : < fgold coin deposited in the sub-treasury iu new york and in december 1881 the secre tary of the treasury in his report says the department has issued silver certifi cates nt the several sub-treasury offices upon a deposit of gold coin in like amount . with the assistant treasurer it new york and through this means certificates have been issued for nearly all the silver held by : the treasury these certificates amount to about uh,000,qqo and arc now outstanding that the condition of things doubt ' less rendered the following order ne ; cessary as all or nearly all the silver coin in the treasury was represented by outstanding siver certificates treasury department secretary's office washington d c . nov 1 1881 until further notice the exchange of sil ver certificates for cold coin deposited at the office of the united states assistant treasure at new york will besuspetded and department circular no 75 of september 13 1s v o is hereby modified accordingly h f french ai tin secretary my we ily wife has been a great sufferer from catarrh several physicians and various j patent meilicine3 were resorted to yet the . disease continued unabated nothing ap pearing to make any impression upon it her constitution finally became implici t d the poison being in her bloi i secured a l>o;t:e nfb 15 b and placed her upon its use and to our surprise the improvement began nt nncc and her recov ery was rapid and complete no other preparation ever produced such a wonder ful change nnd for all forms of blood dis ease i cheerfully recommend 15 li b aa a superior blood i'urilu r r t dodge yardinastcr georgia railroad atlanta ga gieat grief from the athens ga bauner watchman uncle dick sautter says fifty years ago i had a running ulcer en my leg which refused to heal under any treatment in 1853 i went to california and remained eighteen months and in 1873 i visite i ho1 springs ark remaining three months but was not cured amputation was discussed but i concluded to make one more effort 1 commenced taking the 15 15 b about six weeks ago the fifty-year old sore on my leg is healing rapidly and yesterday i walked about fifteen miles fishing and hunting without any pain and before using the 15 b b.icould not walk exceed ing half a mile sleep soundly at night for the first time in many years to think that six bottles have done me more good than hot spring eighteen months in cal ifornia besides an immense amount of med icines and eight or ten first class physicians will convir.ee any man on earth that it is a wonderful blood medicine it has also cured me of catarrh mouth there is a lafy living here mrs wlo has had catarrh for many many year 1 have known she hail it for fifteen or twen ty years and my father once doctored her rs was then a tenant on our place for tl e last two and a half years she has been bedridden the catarrh or cancer the nu merous physicians have never deci ird which during her two years and a half in the bed had eaten all the roof of her mouth out she was so offensive no one could stav in the room she could not eat anything but could 9wallow boup it it was strained she g ive up to die and came so near perishiug all thought she would die her son bought the b b 15 and bhe used several bottles which effected an entire cure she is now well and hearty i have not exaggerated one particle lucy strong i when you want | hardware at low figures call on the und i no 2 granite row 1 a at well agant for tha salisbury x c june 8th tf vpflvi 1 mi^ioril qth^fc 1 !â– nor ctiitt â€¢ laliiiu iiiiilolal ij-jiliibs abdubhiy palmersville - n.c c il â– â– ! . t al3oat 3 i trmos - ths tii â– . :., s vtgi rous ex ii . the i beapi si s ihh>1 iu the i . s mi â– :â– â– â– l-reuow i 1 an uiods are taug . ter mi ni ii 3s i 11 martin l'rln sfcio yoor wool to the salisbnryfoolen mills tffls new factory j f..->v in operation and facilities lor inan ufiv 1 1 1 r i 1 1 â€¢_â– woolen goods such as have nev er before been offere i to our people are within the reach of the < ntiro vool grow ing community we manufacture jeans cassdiers flanxels ijxseys blankets yarns itolls c soliciting i iberal patronage of oar peo ple we are r i i fully salisiukv woolen mills ; uiice may 28th 1885 iv^tf f t hopkins tj i sow at the corner of kcrr &; lee streets with a full line of dry goods ami groceries also kctps a first class boarding house call and see him 28:ply if you want to fill yoneeams bag and make bio soores ll 3t0n i and hoi uiui^o all the latcof smpi-cvcments fordesct : : " irculars lamberson furman&co sole agi nts for e.remihgton&sons epori mjtion 231 & . vay nev york wests d h lakrf^r & co armory - - - il1on n y remfnitom scoops spades bade in the ee3t mauser ik skilled workki remember t'lat duh goods me always rellabus ono piece cf solid stoel -* no holes ok rivets to weaken the bladt send for c'.^cl-'-ars remington i&ricultbral co i i ion n v kcw york office 1 1 chamber street something n2w [ lamp chimneys that will not bn ik l>j heat lor sale at exms8 diahond dyes - all colors to wish at knmss don't forget to cull for beeda f all kinds at enniss to tbs udien i ., ! sec the flower p knms8 admihistbatrii's eotice having inistratrix upon the â– â€¢ . ol v a y coitkle clee'd i - having claims â€¢ i m to mo for payment on or beiore the 17th day oi december i 1 -" 1 '., or thi notice will bo recovery orkle adm'x theo f kluttz att'y dec 17 l^^">.j:31 it ia a â– to think too much abont being gocd l)